News from around the web: 2009-08-05

The house in Portland, ME is very nice.

McCain’s Palin pick explained

Yet more reason to doubt China’s numbers

Income and savings down and spending up? Not a good trend.

If you dig deeper, you’ll see that GDP is not stellar. true, but the 2nd derivative is all that people care about right now.

Bair is looking like the best member of Obama’s economic team.

Sound reasoning on regulating derivatives

It will, but how much of an impact will it have?

I have always said this company was bankrupt from the beginning. It was not liquidity, it was solvency.

The need to employ is why China is willing to risk a bubble

Australia still in bubble mode

Fraudulent use of bailout money may be a factor.

Lots of economic insights from Tim Duy.

Apparently Summers and/or Geithner marginalized her

Frustration building, especially at Sheila Bair.